For buyers

Interest-Only Calculator

A smaller payment now, and the whole balance still waiting later. See both.

During the interest-only years you pay the lender for the use of the money and repay none of it. The payment is lower, and at the end of that period you still owe every cent you borrowed — repaid over whatever years are left, which is why the payment jumps.

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How long before you start repaying the balance. Usually 5, 7 or 10.

Interest-only payment

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Payment once repayment starts
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The payment rises by
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Interest paid before then
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Still owed at that point
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An ordinary loan would cost
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Total interest, interest-only
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Extra interest against an ordinary loan
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An estimate, not a quote. These figures are estimates for planning only. They are not a loan offer, a quote, or advice. Interest rates, taxes, insurance, and closing costs vary by lender, property, and location. Confirm every number with your lender and a licensed professional before making a decision.

Want to know what you can actually borrow?

A lender can tell you in a few days, in writing, and it costs nothing. We can point you to one, or just answer questions.

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